Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 05 - ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS
Chapter 31.05.06 - Investments of Life Insurers and Property and Casualty Insurers in High Yield/High Risk Obligations
Section 31.05.06.01 - Purpose
Universal Citation: MD Code Reg 31.05.06.01
Current through Register Vol. 51, No. 19, September 20, 2024
The purpose of this chapter is to protect the interests of policy holders of life insurers and property and casualty insurers admitted to do business in Maryland by limiting the amount of high yield/high risk obligations in which an insurer may invest, so that the assets of the insurer will be reasonable in relation to the insurer's liabilities and adequate to its financial needs, permitting policyholders to rely with confidence on the insurer's ability to fulfill its contractual obligations.
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